UBS: Here are the 10 most crowded bets in the stock market right now

People cool off at a swimming pool in Daying county, Sichuan Province, ChinaReuters/China Daily

UBS released its monthly list of which stocks are the most crowded trades in the stock market right now.

As a stock’s price climbs higher, investors clamor to gain a piece of the action. But this mob mentality can be disastrous when the prices eventually turn negative once again.

The bank calculated which stocks were overcrowded by comparing institutional ownership data from FactSet and aggregate positions of global active managers against the relative equity benchmark to form what it calls the “active weight.”

This months list spans from new tech stars like Alibaba, to the usual suspects like Alphabet and Microsoft, and even to insurance.

Here’s UBS’ list of the most overcrowded stocks in the market as of August 21: